Step-Up In Basis Articles

IMPORTANT NEWS: Ways and Means Propose tax increases on Family Business and High Income Individuals

Below is a summary of the relevant provisions in a proposal released Monday from Ways & Means; imposing tax increases for “high-income individuals.” The proposal does include increases in the individual and capital gains tax rates; a “sur charge” for individuals...

How Biden’s Tax Proposals Will Affect 3rd Generation Women Owned Business

Thank you to Russell Sullivan and the team at Brownstein Hyatt Farber Schreck, LLP for this report.Casey Roscoe with Seneca Jones Timber Company Talks about Managing Today’s Resources for Tomorrow Casey Roscoe is a 3rd generation family member of Seneca, a women owned...

National Survey Results: Biden’s New Tax Policies – Help or Hindrance?

Thank you to Russell Sullivan and the team at Brownstein Hyatt Farber Schreck, LLP for this report.With proposals emerging from the Biden White House that would raise the estate and capital gains taxes on America's family-owned businesses, we were commissioned to ask...

UPDATE: Thune Proposed Amendment to Budget Resolution. Don’t Eliminate Step Up!

Thank you to Russell Sullivan and the team at Brownstein Hyatt Farber Schreck, LLP for this report.Early Wednesday morning, Sen. John Thune (R-SD) offered Amendment #3106 to the Senate budget resolution, protecting owners of generationally-owned businesses, farms, and...